Market maker GSR listed BESO ETF, tracks BTC, ETH, and SOL, and provides staking rewards

Crypto market maker GSR launched its first crypto exchange-traded fund, the GSR Crypto Core3 ETF (ticker: BESO), on April 22. The ETF tracks three assets—Bitcoin, Ethereum, and Solana—has a management fee of 1%, and offers staking incentives. According to Nasdaq data, BESO recorded a first-day trading volume of 185,574 shares, with a trading value of approximately $4.8 million.

BESO Fund Structure: Dynamic Allocation Strategy and Staking Incentives

According to GSR’s April 22 official statement and an X platform post, BESO uses a “dynamic allocation strategy” to optimize allocations across three crypto assets. Every week, the fund rebalances the allocation ratios for BTC, ETH, and SOL based on “research-driven signals intended to seek additional returns.” In its statement, GSR said that while tracking the three crypto assets, the fund provides staking incentives, with a management fee of 1%.

BESO First-Day Trading Data

Based on Nasdaq trading data for April 22, the key metrics for BESO on its first day were as follows:

Trading Volume: 185,574 shares

Trading Value: approximately $4.8 million

Closing Price: $26.04 per share

After-Hours Trading: rose as high as $33 at one point

Model Portfolio Allocation: ETH and SOL Combined Exceed 90%

According to the model portfolio analysis report released by GSR on April 22, BESO’s optimized allocation percentages for its three crypto assets are as follows:

Ethereum (ETH): 51.4%

Solana (SOL): 41.67%

Bitcoin (BTC): 6.93%

Recent Developments in the Crypto ETF Market

According to public reports, Morgan Stanley launched a spot Bitcoin ETF on April 8, and as of the time of the report it had recorded $163.8 million in net inflows. Goldman Sachs filed an application for a Bitcoin premium income ETF with the U.S. Securities and Exchange Commission (SEC) on April 14.

GSR was co-founded in 2013 by former Goldman Sachs traders Cristian Gil and Richard Rosenblum, and is one of the most established crypto market-making platforms in the industry.

Frequently Asked Questions

Which assets does the GSR BESO ETF track, and what are its fees and features?

According to GSR’s April 22 official statement, BESO tracks three assets: Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). It charges a 1% management fee, provides staking incentives, and uses a research-driven allocation strategy with weekly dynamic adjustments.

What were the first-day trading volume and closing price of the BESO ETF?

According to Nasdaq data for April 22, BESO’s first-day trading volume was 185,574 shares, the trading value was approximately $4.8 million, the closing price was $26.04 per share, and after-hours trading rose to as high as $33 at one point.

What are the asset weightings in the BESO model portfolio published by GSR?

According to the model portfolio analysis report released by GSR on April 22, the current allocation percentages are ETH 51.4%, SOL 41.67%, and BTC 6.93%. Each week, the weightings are dynamically adjusted based on research-driven signals.